Cryptocurrency investment is not like how we knew it years ago, especially since after the pandemic in the year 2020 that opened up the masses hearts to it. Cryptocurrency has shown the public a better way to manage their finances digitally without the need of fiat money. DeFi is a term derived from both Blockchain and cryptocurrency, and is now the most recent innovation in the digital space #DEFI. With that being said, Huobi Ecological Chain(HECO) is one of the numerous projects on DeFi with lower fees and speed compared to the Ethereum chain#HECO. The HECO chain involves two tokens: the Huobi Token(HT) and the HT Anchor Cash, with Huobi Token as the main asset and HT.Cash as a supporting coin.
Improvements of the HT Anchor Cash
- The minting time of HTC isn't like a typical stablecoin. Normally, the stablecoins reach 1.05, but HTC goes ahead to settle at 1.1 HT.
- The mining time is stretched and other HRC20 assets can also be mined.
- The Rebase period is changed.
Distribution of HT Anchor Cash
There is no pre-mining phase in HTC to create an enabling and fair environment for all to participate. A total of 11 mining pools will be mined including the DEX token on HECO(RAB) and an algorithmic stable currency on HECO(BAG).
There would be a total of 11,000HTC and 2,100,001HTS respectively. The tokens are equally distributed in the HTC mining pool, and there is a daily turnover of 100HTC for every mining pool, and 1000HTC for 10 days. HTS will only start disbursing their tokens after the disbursement of HTC with 5% of the total 2,100,001 given to initial investors, unlike in mining HTC where the tokens are distributed equally. The four million HTS that will be mined will be disbursed among these four mining pools as follows: HTC-HT-LP, HTC-HUSD-LP, HTS-HT-LP and HTS-HUSD-LP. The HTS-HUSD-LP and HTS-HT-LP are allocated 250,000HTS each, and a particular number of tokens are shared to the miners every 24 hours which will be supplied to users linearly in 365 days. HTC-HT-LP and HTC-HUSD-LP mining pool will disburse a specific amount of HTS in thirty days which will later reduce by 75% after every month.
HTC.CASH Token
In the HT.CASH protocol, there are only three tokens available, and they are: HTC(HT ANCHOR CASH) which is the original currency in the protocol, HTS(HT ANCHOR CASH Share) which is used to stake and provide liquidity and HTB(HT ANCHOR CASH Bond) which is used if HTC is lower than 1HT and when it is higher than 1.1 HT.
Conclusion: This project with its clear objectives and strong team holds a lot for its users both in the present and the future. Through the effective DeFi project, Huobi Ecological Chain, there would be a chance to a lower GAS fees and faster transactions which you won't find on even the Ethereum chain. HT and HTC will be the tokens utilized in the project with HTC as the mode of payment on the chain.
#HTCCASH #HTC #DEFI #HECO #HuobiEcochain
Website: https://www.htc.cash/
Telegram : https://t.me/HTC_CASH
Telegram：https://t.me/tokenPocket_en
Telegram Channel : https://t.me/HTC_CASH_CHANNEL
Github：https://github.com/HT-ANCHOR-CASH
Gitbook : https://htanchorcash.gitbook.io/htc/
Publishers Details :
Bitcointalk Username : Balili
Bitcointalk profile Link : https://bitcointalk.org/index.php?action=profile;u=2659344
Proff of Authentication : https://bitcointalk.org/index.php?topic=5308826.msg56095198#msg56095198
HTC wallet Address : 0xad8Ee42061Cb22f14D5B0C41Fd98Ee77E9705B54